Paying company employees is easy with small business direct deposit payroll software. Workers expect accurate and timely payment. Many of them do not want to deal with the hassle of paper checks. Keeping morale high by providing reliable payments help you retain the workers. One of the most trustworthy methods of offering reliable payroll is by using direct deposit tools. Direct deposit keeps businesses compliant with tax laws and liabilities as well. Businesses should still ensure that they keep an eye out for “gotcha” softwares. You do not want to invest in software that boasts about direct deposit tools and later learn that it has hidden extra fees or limited capabilities.
Advanced Micro Solutions proves that direct deposits can be the right choice for your business. If your present payroll software lacks direct deposit capabilities or makes processing mistakes, we can help. We outlined a guide about how AMS Payroll’s direct deposit tools can support your small business.
What to Look for in Small Business Direct Deposit Payroll Software
Businesses of all sizes can utilize direct deposits in their payroll software. Yet their advantages and disadvantages look different based on the size of a company. The key advantages include:
Saving Time – Whether you run payroll or file payroll taxes, automated payroll solutions require less processing time. Businesses reduce bookkeeping hours by not needing to write, mail, and reconcile any checks. Your payroll person or team will also not need to reissue any lost checks.
More Security – Direct deposits reduce the ability for people to lose, steal, or forge checks. Truly trustworthy software encrypts a company and employee’s data.
Helping the Environment – Every act to reduce greenhouse gas emissions helps the planet. A small company can do their part when they eliminate the printing and mailing steps of traditional payroll.
Direct deposits can have disadvantages, like many payroll tools. Consider the drawbacks before you purchase any new small business direct deposit payroll software:
Time-Sensitivity – Run payroll one or two days in advance. Failure to do so might mean that a payment does not reach an employee’s bank account on the precise payday.
Security Risks – Scammers make it their business to target companies. A skilled scammer can access bank accounts and routing information. Ensure that your payroll software has proper and thoroughly secure defensive measures in place.
Fewer “Stop Payment” Options – Businesses can still make errors when using direct deposit. A company can typically reverse overpayments or other errors within a specified time frame. Make sure to ask your vendor if these tools exist and review any additional state restrictions.
Why Choose AMS Payroll
Find reliable small business direct deposit payroll software today for better payroll management. AMS Payroll is an add-on module to our W-2/1099 Forms Filer base program. Our payroll tools include direct deposit processing and the ability to print MICR checks. Users must download our Software Generated Forms module to print any checks. Learn more about your options with our free 1099-etc demo or by calling (405) 340-0697 if you still have questions.